Hammond Times, Volume 14, Number 159, Hammond, Lake County, 23 December 1920 — Page 7

'liursdar, Dec. 1920.

THE TIMES Seven

REPPA TALKS ON FINANCE QUESTIONS

A Urea 8ratherlngr assembled at th Kast Chicago Congregational church yetfrday at tie Chamber of Commerce banquet to hear City Controller J. Kalman Roppa speak on city finances. In his speech. Mr. ReDDa exDllnd

the condition ls to the state of bonded

indebtedness outstanding:, classing- them

into several groups. In the first rroun

Mr. Keppa stated that in 1902 out of

n original refunding bond issue of $60.coo. there remained an unmld ' haian

cf $15,000. In 1915. a refunding bond f?u e of $1C0.000 remains unpaid, and which matures July 1. 1915. A time loan of $100,000. due Iiecembcr 21, 1S20. MirouKh Mr. Reppa, was extended to Mav 1. 1911. disctjssxs BTrxx.rraa bokds Bulding bonds against city property, etated Mr. Roppa. Is very small compared to the assets of the city. There remains a balance of $8,3j5 for the Improvement of the Indiana Harbor fire station. $12,500 for the garbage disposal crematory, and ajoother amount of $11,200, for a new ilre engine out of the 1919 bond Issue. A great deal of the outstanding Indebtedness is charged to the Park Board, amounting to almost fS5.0C. $125. 0CO of this amount being used for the purchase of land out of the 1919 bond Issue, $25,000 out of the 191g bond issue for the use of parka and play grounds, and $200,000 for Improving the parks. Altogether, the summary total indebtedness of the city of East Chicago

Is $697,065. The assessed valuation of all taxable property the oity of I$at Chicago In li9'amoistij4 to S8 KlWy ' dollars, wtitle In 1920. the total valuation will amount to 89 millions dollars. The tax rate In 1119 was.JS eenis, brtngtsg In a revenue of $425,000. while In 1920, tax rate just assessed and which will take effect tn 1-921, will be I cents, bringlnr tn a total revenue of $85.000 for the year 1921. Much discussion among the tax payers of Bast Chicago hai been going on regarding the Increased tax rate, which can be easily accounted for,' pjyl to the fact that In 1919, the tax on property in Bast Chicago was 20 cents lower than XVhttlQg, .08 cents lower than Hammond and Gary. Considering the fact that Bum of $160,000 Moated from

a bond issue of a number of years ago, and which has passed on from one ad- j ministration Jnto the other, has never bfeen cleared ujg, It was th.q hope PX city officials that this sum could bo ttken care of by a little Increased taxation, and that It would not be allowed to

pass on to our next generation for them j to pay. Figures compiled from other cities In L.k county relative to the 192J) tax rate, show that East Chicago will pay 18 cents less than Whiting. 7 cents more thasi Hammond, and t ents more than Gary. Considering all of tho Improvements that have been made and those now under way. East Chicago Is In much better condition than either of the other cities, apd at the same time will be paying ofT several bond Issues that have been hanging Ifire for some time. taxis oir nr&CKAsnro Mr. Reppa also dwelt on the subject that Is of vital Interest to the city and to Its tax payers, and discussed the question of having a centralized purchasing agent for municipal supplies. This agent would be able to eliminate waste, over drafts, prevent graft, makes possible for the controller to render a true financial statement, at all times, and discourages deficits at the end of the year. This purchasing agent would also be able ta secure the lewest prices

and would make competition more keen. Under the present system it takes a month or more to audit and approve a bill, losing el) available cash discounts, thus causing a loss to the tax payers. Mr. Reppa pointed out that In other oUs where this plan Is In vogue, the salary t tic centralised purchasing agent has more than been made by the avings of the cash discount. The program was concluded by Monsieur William Piccolo, with two opera selections, accompanied by Leonard Smith at the plono. Mr. Piccolo is one of the new members of the Chamber of Commerce, and has promised his heartlost co-operatloh in the organizations promised expansion.

E. CHICAGO PLANT

IS

REORGANIZED

New Officers and Directors Elected for Famous Mfg. Co! " '

A meeting of oftlclala of the Fanioa Manufacturing Company held yesterday a new plan which resulted In an

election of new officers has been announced. Hans ,C. Petersen was elect

ed president; Joseph Hartley Sr.. vice president; David Cohen,' treasurer, and

Willis E. Roe. secrwtary. The follow trig were named directors: Hans C

Petersen, Joseph Hartley Sr., David

Cohen. Willis E. Roc, C. E. Cann. W A. 8chroeder and ' Henry W. Petersen

All of the officers and directors arc

prominent industrial, business aqd pro

fessional men of this city and are men of high 'standing, both financially an1

socially-

Practically every stockholder live

In East Chicago. The Industry Is un

der the efficient management of P. H.

Rllleter, who has gathered together

a splendid corps of employees.

The Famous Manufacturing Com-

3asE

we9re

too Be

sy to

W tit Ads

Everything to

Make Your

Feet Glad

AT THE "SHOES OF COURSE"

MB

BOOT SHOP

569 HOHMAN STREET

"The Bright Spot On Hohman Street

pany was founded by Andrew Wlckey

a number of years ago and was one of thp first plants to be located In East Chicago. Through the exertion of Mr.

Wlckey, the plant has shown' a won

derful growth.

Tho plant was taken over by th

present stockholders about a year ago.

Since that time num rims Improvements have been madu throughout the

plant, so that today, it 1h one of th-j best equipped factories fit Its kind la the country.

Ths h.lf products of the Famous Manufacturing Company, Include, pa

tented bailing presses of all kinds and descriptiuns and are used for the ball

ing of paper, hay, scrap metal, shav

ings and a number of other uses.

These presses are being shipped to all

parts of the world. It is said that these presses, which were the Inven

tion of Andrew Wlckey. re far superior to all other presses on the market. In addition to the manufacturing- of

presses, the company h.a,s a wejl equipped foundry, and does a great deal of

work for local industries.

Does not require attention or adjustment as often as other makes of Phonographs, but like all other hlgn grade machinery, the lack of drop oil or the loosening of a tiny little spring will some times stop all the fun. If the Phonograph came from

ESE3F2S3 FURNITURE srjmcT-onAurr-ffnm '

Our service man Is as near to you as your telephone.

This is a very unique factory. In that it is a pioneer in the local industrial field and has grown with the city. This fact that the recent owner, Mr. Wlckey, has always been a resident of this city, and the further fact that the company is now entirely owned and controlled by lpcal business people, gives the public in general a keen Interest in Its welfare. According to statements made by the officers and directors to The Times, the future outlook Is extremely promising.

Bad Fire in Freeport KREEPOHT, III.. Dec. 23. -Fire of

WANTED: AH Auto Owners to get our prices on Repainting your car, on Repairing or Rebuilding your Top, Upholstery or Seat Covers. Have those broken lights replaced. A guaranteed winter side built to fit your car. We renickel all auto parts in our own shop at a very low cost to you. Call and get our prices it will pay you. Cut Rate Auto Paint and Trimming Company 303 MICHIGAN AVE. Phone office 2141. Phone Res. 3446 HAMMOND

undetermined origin" early today destroyed most of the stock of retail stores In the Fry ' block, an old land mark. In the heart of Freeporfs business section. The property damage Is estimated at $160,004.

ALL SCHOOL TEACHERS FREE During the Run of Mary Pickford This Week at THE DELUXE THEATRE

LEAVE IT TO US : . To pick out the clirar he will enjoy. We .have, theia In boxes of ten-twenty- . five and fifty. If we fall to pick triei branJ they may he eschung-d any time r.fter Xmas. Nelson's Drug Store. . 12-22-3 t j- . . -. - . - '. i1'

FOR TOYS AHD HOUSEFURKISHINGS stop and shop at Cohen's Variety Stove, opp. PostcfSce, Hammer; -J

n mma n o

Hammond Expert Cleaners and Dyers PHONE 3501. I. GORDON, Prop. 742-44 State Line St. Hammond. Ind. (Under New Management) Give us a Trial and Convince Yourself. 24 hours Service if necessary. GOODS CALLED FOR AND DELIVERED

H

EiLLfcjKMArM

ELEVENTH HOUR Christmas Gift Suggestions FOR LADIES An always appreciated gift beautiful and serviceable a pair of our Novelty Shoes in latest style cre-v ations-blue kid, suede, brown and blac-k kid. Hosiery to Match

FOR MEN

FOR BOYS

FOR GIRLSL 1

Shoes of Quality DRESS SHOES STORM SHOES Holiday Slippers A Most Attractive Assortment 95c T0 $2.95 Stylish Hosiery Smart Spats

HELLERMAN'S

595 HOHMAN STREET HAMMOND, IND. P. S. Pre-Christmas Sale

. .. znm zzm i . i i. .

lMlllsilttiliill M-iM , fc.iHIIUHI MIL, j ..l J,IIL.I:.A..-L,vl

6 6

W ILL

Join the American Trust and Savings Bank's

Chris

tmas S

avins

Club

SA Y IT MEAN IT DO IT It will assure you all the money you want WHEN you want it MOST. Any one of the following plans is open to you : .25 CLUB WILL PAY YOU $ 12.50 PLUS INTEREST .50 CLUB WILL PAY YOU $ 25.00 PLUS INTEREST $1.00 CLUB WILL PAY YOU $ 50.00 PLUS INTEREST $2 00 CLUB WILL PAY YOU $100.00 PLUS INTEREST $5.00 CLUB WILL PAY YOU $250.00 PLUS INTEREST THERE IS A CLUB FOR EVERYBODY. DON'T DELAY! JOIN TODAY! Make up your mind to avail yourself of this exceptional opportunity to save. Assure yourself and family a Merry Christmas next year by joining one of our Christmas Savings Clubs right now TODAY ! American Trust and Savings Bank 187 STATE STREET, HAMMOND, INDIANA A. J. SWANSON, Pres. DANIEL BROW Vice Pres. H. 0. REISSIG, Sec.-Treas.

Quality Our Greatest Hobby Service Our Greatest Pleasure Select Your .Gifts Here

The time to shop is now limited by hours; to the last-minute shoppers we direct this message, in order that you may intelligently concentrate your efforts in selecting the proper gift for husband, or wife, or mother, or father, brother or sister.

WHITE IVORY SETS $12.50 I hi? is a new shipment that just arrived ' yesterday. Positively the be?" value in the city

WW

LA TUSCA PEARL NECKLACES Something every woman cherishes. Large assortment, priced at $12 to ;go

Santa is Partial to Jewelry Jnit Look tt These Splendid Suj gettions and Note the Prices: WRIST WATCHES A large assortment of such well-known makes at Elgin, Waltham, Swiss; 15 jewels; guaranteed 20 years. Priced at $15 to $55 DIAMOND RINGS For "Her," a size to suit every pocketbook; each Diamond carries our rigid money-back guarantee. Priced at $15 to $800 WATCHES FOR MEN All the best makes of course ; 7-to 21 jewels. A style for every fancy, at prices that will also please $15 to $90 CUFF LINKS Always make appropriate gifts for him; engraving free $1 to $20 BELT BUCKLES Including belt; initials engraved free of charge $2.50 to $12 WHITE IVORY JEWEL CASES Just what she has been wanting , $2 to $10 MILITARY SETS Genuine Tiger Eye Ebony Traveling Set. priced at 510 to $36.50 HUNDREDS 'oF OTHER APPROPRIATE SUGGESTIONS

Carroll & Newton Jewelers and Optometrists 186 State Street, Hammond

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